Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)


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Art. 653r407

b. Can­cel­la­tion of shares

 

1 If the share cap­it­al is re­duced to zero for the pur­pose of re­struc­tur­ing and then in­creased again, the cur­rent mem­ber­ship rights of the share­hold­ers lapse at the time of the re­duc­tion. Is­sued shares must be can­celled.

2 When the share cap­it­al is in­creased again, the former share­hold­ers have sub­scrip­tion rights that may not be with­drawn from them.


407 In­ser­ted by No I of the FA of 19 June 2020 (Com­pany Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

 
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